United Kingdom - Hot-Rolled Bars Of Silico-Manganese Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Silico-Manganese Steel Bar in the UK - 2023
Contents:
- Price for Hot-Rolled Silico-Manganese Steel Bar in the UK (CIF) - 2022
- Price for Hot-Rolled Silico-Manganese Steel Bar in the UK (FOB) - 2023
- Imports of Hot-Rolled Silico-Manganese Steel Bar in the UK
- Exports of Hot-Rolled Silico-Manganese Steel Bar in the UK
Price for Hot-Rolled Silico-Manganese Steel Bar in the UK (CIF) - 2022
In 2022, the average hot-rolled silico-manganese steel bar import price amounted to $1,356 per ton, with an increase of 27% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,355 per ton), while the price for Sweden ($1,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Silico-Manganese Steel Bar in the UK (FOB) - 2023
The average hot-rolled silico-manganese steel bar export price stood at $5,370 per ton in June 2023, picking up by 84% against the previous month. In general, the export price recorded a temperate increase. The most prominent rate of growth was recorded in September 2022 an increase of 100% m-o-m. As a result, the export price attained the peak level of $7,108 per ton. From October 2022 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was Israel ($5,689 per ton), while the average price for exports to the Netherlands amounted to $4,334 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.4%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Silico-Manganese Steel Bar in the UK
For the fourth year in a row, the UK recorded growth in purchases abroad of hot-rolled bars of silico-manganese steel, which increased by 8.6% to 11K tons in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled silico-manganese steel bar imports surged to $15M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Silico-Manganese Steel Bar in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 5.3 | 5.5 | 10.8 | 11.9 | 30.9% |
| Italy | N/A | N/A | N/A | 2.9 | 0% |
| Germany | 3.6 | 3.7 | 0.1 | 0.1 | -69.7% |
| Others | 0.8 | 0.5 | N/A | 0.1 | -50.0% |
| Total | 9.8 | 9.7 | 10.9 | 15.1 | 15.5% |
Top Suppliers of Hot-Rolled Silico-Manganese Steel Bar to the UK in 2022:
- Germany (undefinedK tons)
- Sweden (8.9K tons)
- Italy (2.1K tons)
Exports of Hot-Rolled Silico-Manganese Steel Bar in the UK
In 2022, the amount of hot-rolled bars of silico-manganese steel exported from the UK fell to 459 tons, which is down by -3.6% on 2021 figures. In general, exports showed a dramatic downturn.
In value terms, hot-rolled silico-manganese steel bar exports reduced to $1.6M in 2022. Overall, exports showed a deep setback.
| Export of Hot-Rolled Silico-Manganese Steel Bar in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 1,521 | 1,375 | 1,352 | 1,069 | -11.1% |
| India | N/A | 16.8 | 100 | 196 | 241.6% |
| New Zealand | 25.0 | N/A | 96.1 | 184 | 94.5% |
| Czech Republic | 25.5 | 14.0 | 22.0 | 43.5 | 19.5% |
| Ireland | 1,140 | 420 | 20.0 | 31.9 | -69.6% |
| Qatar | 195 | 30.6 | N/A | 7.3 | -66.5% |
| Others | 85.5 | 637 | 98.0 | 76.5 | -3.6% |
| Total | 2,992 | 2,493 | 1,688 | 1,608 | -18.7% |
Top Export Markets for Hot-Rolled Silico-Manganese Steel Bar from the UK in 2022:
- Israel (326.8 tons)
- New Zealand (88.9 tons)
- India (20.5 tons)
- Czech Republic (10.0 tons)
- Ireland (7.9 tons)
- Qatar (0.2 tons)
This report provides an in-depth analysis of the market for hot-rolled silico-manganese steel bar in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106620 - Hot-rolled bars of silico-manganese steel
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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